FairXchange: Building New Relationship Foundations

The client experience is everything and with that in mind Colin Lambert takes a look at a firm seeking to deliver analytics with a difference, as well as the impact of this service on a client. One of the biggest changes in the foreign exchange industry in recent years has been the explosion of data […]
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A Closer Look At: Building for Corporates

NatWest Markets’ Jacintha Love, head of Agile Markets products, and Jeremy Maw, head of UK mid corporate FX sales, talk about the nuances of building e-FX solutions for corporate clients. Profit & Loss: So why have corporate clients been a big focus for you on the e-FX side? Jeremy Maw: Corporates are a huge part […]
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A Closer Look At: Real-time Transaction Cost Estimation

Morgan Stanley’s Matt Thomas, global head of MSET macro sales, and Jian Chen, head of quantitative solutions and innovations (QSI), explain how transaction cost analysis (TCA) is evolving into a real-time estimative framework tool. Profit & Loss: Talk to me about how you see transaction cost analysis (TCA) evolving in the FX space? Jian Chen: […]
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Hall of Fame 2019

Ian O’Flaherty “Smart, Adaptable and Fair” The evolution of the foreign exchange industry has seen it shift from a largely voice-driven business into one dominated by technology, but that successful transition could not have taken place without people like Ian O’Flaherty to bridge the gap, bringing their wealth of experience to bear on increasingly complex […]
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And Another Thing…

I noticed that an old favourite turned up in the news cycle last week – indeed I suspect it is moving into the market’s general psyche given more people are talking to me about it – and that is peer-to-peer matching, more specifically asset managers seeking to by-pass the banks because the latter are able […]
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CTAs: Feeling the Heat

2018 saw CTAs cap a generally poor decade of performance with a particularly bad year of losses. Given this, Galen Stops takes a look at whether the rationale for investors including CTA strategies in their portfolio is still valid. Post financial crisis, CTAs have struggled to produce returns, with only 2010 and 2014 standing out […]
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Profit & Loss Readers Choice Awards – Voting Now Open

Voting closes on Friday May 31 for the Profit & Loss Readers’ Choice Awards – the FoXys – is now open. The P&L editorial team has made its choices over the best in the banking industry, as unveiled tonight at the Digital FX Awards Dinner, now it is Profit & Loss readers that get the chance to vote for […]
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P&L Talk Series with Bid FX’s Jean-Philippe Male

Bid FX recently announced that Singapore Exchange (SGX) has bought a 20% stake in the company, with an option to acquire a controlling interest. The firm’s CEO, Jean-Philippe Male, talks to Profit & Loss about the rationale behind the deal, and some of the structural trends that he sees shaping the FX market. Profit & […]
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A Closer Look At: A New Way to Trade FX

Goldman Sach’s David Wilkins, global head of e-FX sales, and Ralf Donner, head of client FX algo execution, talk about a new algo launch that they claim offers a new way to trade FX. Profit & Loss: So tell us about the new algo that you recently made available to your clients. David Wilkins: It’s […]
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Trading Firms Cry “Last Look” in the Futures Market

As a futures exchange proposes a new speed bump mechanism, a number of market participants are coming out in opposition to it. Some of the arguments they’re making will sound familiar to those in the FX markets, says Galen Stops. On February 1 the Intercontinental Exchange (ICE) put the cat amongst the proverbial pigeons by […]
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